These costs could be capitalized only as long as the project would need additional testing before application. When developing your accounting policy, consider things such as your business size, the level of revenue and expenses your business generates and its compliance needs in terms of taxes. There are certain special limitations to expensing, especially when…

A dependent is a qualifying child or relative who relies on you for financial support. To claim a dependent for tax credits or deductions, the dependent must meet specific requirements. The rules for filing a tax return change when your dependent child receives income from sources other than employment, such as investment income including interest…

It is more cost-effective for states to focus on—and simplify—compliance for a reasonable number of sellers than to impose rules that have low compliance and are costly to administer. Graduated corporate rates are inequitable—that is, the size of a corporation bears no necessary relation to the income levels of the owners. If you are looking…